China: Engineering Sabic, Fujian Petrochemical to Build Mega Petrochemical Complex
Under a joint venture contract signed between Sabic and China’s Fujian Petrochemical Industrial Group, the companies will develop a petrochemical complex at Gulei Industrial Park in Zhangzhou city, east China.
Riyadh/Saudi Arabia – Sabic has entered into a joint venture contract with China's Fujian Petrochemical Industrial Group Co. (FJPEC) to build a world-class mega petrochemical complex in China. With a total investment of about 6.18 billion dollars, the complex will be built at Gulei Industrial Park in Zhangzhou city, east China.
News reports suggest that the project will include a mixed feed steam cracker with an expected ethylene capacity of 1.5 million tons annually, as well as numerous downstream facilities consisting of a mono ethylene glycol (MEG) unit, two polyethylene (PE) units, two polypropylene (PP) units, one polycarbonate (PC) unit and several by-product units.